Garza and Neely, CPAs, are preparing their service revenue (sales) budget for the coming year (2014). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below.Department Quarter 1 Quarter 2 Quarter 3 Quarter 4Auditing 2,550 1,810 2,210 2,560Tax 3,190 2,620 2,400 2,710Consulting 1,650 1,650 1,650 1,650Average hourly billing rates are auditing $84, tax $91, and consulting $102.Prepare the service revenue (sales) budget for 2014 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue.GARZA AND NEELY, CPAsSales Revenue BudgetFor the Year Ending December 31, 2014 Quarter 1Quarter 2Dept.Billable HoursBillable RateTotal Rev.Billable HoursBillable RateTotal Rev.Auditing: : : : [removed] [removed] [removed]
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